The only chart that matters in the endless housing debate is the following: As house prices rise, the media’s hypocrisy rises with it. The media, and especially Nine, employer of Ross Gittins, has a vested interest in house prices via its ownership of Domain. That is why there is no concerted pressure placed upon any
A few more charts on Chinese credit. Total social financing is fading with some support from grovernment: Households are capitulating: Banks whoa! Monetary aggregates into the pit: Credit impulse a bust: And still no stimulus is coming, at least until post-US election and probably not even then unless Trump wins.
The National Disability Insurance Scheme (NDIS) presently costs around $42 billion and has a higher annual operating cost than aged care ($36 billion), Medicare ($32 billion), federal hospital financing ($30 billion), and medicines ($20 billion). The NDIS is also growing at a rate of almost 20% per year and has become one of the federal
The Market Ear on the Fed and equities. Pre Fed pricing 25 or 50? Next 12 hours are crucial in terms of press watching and will probably cement final pricing, writes DB. Must read all you need to know note here. DB The big bid… …is taking a pause. Friday 9/13 marked the first day
China is closed but SGX open. Iron ore firmed yesterday: But, overnight, Goldman rained on the parade: Despite the iron ore price falling by ~20% since July, global supply has remained robust, with total daily iron shipments currently running 2% higher than this time last year, and a similar picture for arrivals into China. While
While the Dow Jones closed at a new record high, Wall Street was more broadly mixed as tech stocks pulled back from their Friday night advances while European stocks also retreated slightly. Risk markets are getting anxious about the slew of central bank meetings this week, with the BOJ going first and then the Fed
Last week, the NSW Productivity Equality Commission released its final report on housing supply challenges and policy options, which touted higher towers, smaller homes, and fewer car spaces as the solution to the state’s housing crisis: As reported by The ABC: “Higher-density zones around train stations would double in size… The NSW productivity commissioner is
The last few years have been a difficult time for Australia’s rising army of renters, particularly those on lower incomes. The enormous disparity between demand and supply pushed the nation’s rental vacancy rate to historic lows and asking rents to the moon. Earlier this year, Finder’s Consumer Sentiment Tracker showed that 42% of renters were
In 2022, Claire Field, a former vocational training sector regulator, warned that a large number of South Asian students were arriving in Australia in “response to the unlimited work rights now available to those on Australian student visas”, enrolling in “lower quality and cheaper vocational colleges” to enter Australia to live and work. The deluge
Most Asian share markets were closed today with local stocks carrying the weight of risk around the region as the USD slips a little versus almost all the majors, particularly Yen. All eyes are on central banks this week so expect more currency volatility ahead. The Australian dollar is pushing above the 67 cent level